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San Diego: Point Loma, Ocean Beach Defy Real Estate Trends for the Better

By Erik Weichelt, President, San Diego Association of Realtors in SDNews.com
5/5/2009

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There has been a lot of talk about whether or not San Diego’s real estate market is improving. Buyers and sellers alike are keeping a close eye on pricing and sales volume in their area to weed through the speculation and find the answers.

The real estate market can be analyzed simply by reporting monthly statistics, including median price, the average days on the market, and the total sales volume for each ZIP code. The San Diego Association of Realtors (SDAR) analyzes these numbers monthly and uses the local trends to shape predictions for the market as a whole. Most recently, SDAR pulled statistics for Point Loma, Ocean Beach, and Old Town, and the results are telling.

While the countywide numbers can still be considered a bit ambiguous, the numbers in these three areas are clearly pointing to positive trending and an improvement in the local real estate market. All three of these communities had a higher median price in March of 2009 than in March of 2008, and in the current economy that pattern is not the norm. These communities are, in fact, those out of only ten ZIP codes that saw an increase….

Editor's Note: Click Here to read the full story.

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Do you know the current median price in your own ZIP code? If so, where did you get the information? How much does the median in your ZIP matter to you?





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